Marvin & Palmer Associates Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Marvin & Palmer Associates Inc. reported 32 stock positions worth $116.6 million. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 9.1% of the portfolio, followed by Oracle (ORCL, 5.7%) and Cisco Systems (CSCO, 5.7%). Compared with Q1 2025, it opened 17 new positions, sold out of 8, added to 9 and reduced 6. The biggest buy was a new position in Invesco QQQ Trust Series 1 (QQQ) and the biggest sale an exit from T-Mobile US (TMUS).
- Most Recent 13F
- Q2 2026
- Location
- WILMINGTON, DE
- CIK
- 0000860645
- Portfolio Value
- $116.6M (Q2 2025)
- SEC Filing
- 0002080880-25-000001 ↗ filed Aug 12, 2025
Holdings Value
Holdings 32 stocks · $116.6M
| QQQ Invesco QQQ Trust Series 1 | 9.08% | 19,200 | $10.6M | New |
| ORCL Oracle Corp. | 5.74% | 30,642 | $6.7M | New |
| CSCO Cisco Systems Inc. | 5.72% | 96,203 | $6.7M | Add +84.2% |
| NVDA Nvidia Corp. | 5.61% | 41,418 | $6.5M | Add +96.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 5.52% | 21,845 | $6.4M | Add +88.5% |
| RTX RTX Corp. | 4.55% | 36,308 | $5.3M | Add +61.1% |
| JPM JPMorgan Chase & Co. | 4.39% | 17,672 | $5.1M | Add +38.1% |
| GS Goldman Sachs Group Inc. | 4.30% | 7,086 | $5.0M | Add +26.3% |
| IBKR Interactive Brokers Gro Class A | 4.29% | 90,340 | $5.0M | New |
| MS Morgan Stanley | 4.11% | 33,991 | $4.8M | Add +41.1% |
| EWG iShares MSCI Germany ETF | 3.78% | 104,156 | $4.4M | New |
| SCHW Schwab (charles) Corp. | 3.14% | 40,111 | $3.7M | Reduce -1.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 3.12% | 7,153 | $3.6M | New |
| CAH Cardinal Health Inc. | 3.02% | 20,973 | $3.5M | Reduce -11.0% |
| EBAY eBay Inc. | 2.91% | 45,517 | $3.4M | Add +4.2% |
| EPOL iShares MSCI Poland ETF | 2.87% | 103,580 | $3.3M | Add +42.9% |
| APH Amphenol Corp. Class A | 2.69% | 31,726 | $3.1M | New |
| AVGO Broadcom Inc. | 2.68% | 11,350 | $3.1M | New |
| NFLX Netflix Inc. | 2.68% | 2,331 | $3.1M | New |
| COST Costco Wholesale Corp. | 2.62% | 3,083 | $3.1M | Reduce -8.7% |
| WELL Welltower Inc. | 2.62% | 19,841 | $3.1M | New |
| SAP Sap SE-Sponsored ADR | 2.58% | 9,882 | $3.0M | New |
| ORLY O'reilly Automotive Inc. | 2.51% | 32,465 | $2.9M | Reduce -8.6% |
| TT Trane Technologies PLC | 2.42% | 6,463 | $2.8M | New |
| PH Parker Hannifin Corp. | 2.39% | 3,995 | $2.8M | Reduce -24.6% |
| EWJ iShares MSCI Japan ETF | 1.64% | 25,500 | $1.9M | New |
| SE Sea Ltd.-ADR | 1.62% | 11,800 | $1.9M | New |
| UAE iShares MSCI Uae ETF | 0.82% | 50,950 | $954K | Reduce -38.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.34% | 646 | $399K | New |
| EWP iShares MSCI Spain ETF | 0.10% | 2,540 | $112K | New |
| EWS iShares MSCI Singapore ETF | 0.09% | 4,240 | $110K | New |
| VNM Vaneck Vietnam ETF | 0.06% | 5,430 | $75K | New |
Portfolio Sells Q1 2025 → Q2 2025
| TMUS T-Mobile US Inc. | Sold out | 0.00% | −4.80 |
| V Visa Inc. Class A | Sold out | 0.00% | −4.69 |
| AJG Arthur J Gallagher & Co. | Sold out | 0.00% | −4.67 |
| AMP Ameriprise Financial Inc. | Sold out | 0.00% | −4.62 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −4.34 |
| AAPL Apple Inc. | Sold out | 0.00% | −4.24 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −4.22 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −4.17 |
| ORLY O'reilly Automotive Inc. | Reduce -8.6% | 2.51% | −2.56 |
| PH Parker Hannifin Corp. | Reduce -24.6% | 2.39% | −2.42 |
| COST Costco Wholesale Corp. | Reduce -8.7% | 2.62% | −2.15 |
| CAH Cardinal Health Inc. | Reduce -11.0% | 3.02% | −1.83 |
| SCHW Schwab (charles) Corp. | Reduce -1.5% | 3.14% | −1.62 |
| UAE iShares MSCI Uae ETF | Reduce -38.1% | 0.82% | −1.27 |
Portfolio Buys Q1 2025 → Q2 2025
| QQQ Invesco QQQ Trust Series 1 | New | 9.08% | +9.08 |
| ORCL Oracle Corp. | New | 5.74% | +5.74 |
| IBKR Interactive Brokers Gro Class A | New | 4.29% | +4.29 |
| EWG iShares MSCI Germany ETF | New | 3.78% | +3.78 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 3.12% | +3.12 |
| APH Amphenol Corp. Class A | New | 2.69% | +2.69 |
| AVGO Broadcom Inc. | New | 2.68% | +2.68 |
| NFLX Netflix Inc. | New | 2.68% | +2.68 |
| WELL Welltower Inc. | New | 2.62% | +2.62 |
| SAP Sap SE-Sponsored ADR | New | 2.58% | +2.58 |
| TT Trane Technologies PLC | New | 2.42% | +2.42 |
| NVDA Nvidia Corp. | Add +96.6% | 5.61% | +2.20 |
| EWJ iShares MSCI Japan ETF | New | 1.64% | +1.64 |
| SE Sea Ltd.-ADR | New | 1.62% | +1.62 |
| IBM Intl Business Machines Corp. | Add +88.5% | 5.52% | +1.22 |
| CSCO Cisco Systems Inc. | Add +84.2% | 5.72% | +0.91 |
| SPY SS SPDR S&P 500 ETF Trust-US | New | 0.34% | +0.34 |
| EWP iShares MSCI Spain ETF | New | 0.10% | +0.10 |
| EWS iShares MSCI Singapore ETF | New | 0.09% | +0.09 |
| RTX RTX Corp. | Add +61.1% | 4.55% | +0.09 |
| VNM Vaneck Vietnam ETF | New | 0.06% | +0.06 |
| MS Morgan Stanley | Add +41.1% | 4.11% | −0.09 |
| EPOL iShares MSCI Poland ETF | Add +42.9% | 2.87% | −0.17 |
| GS Goldman Sachs Group Inc. | Add +26.3% | 4.30% | −0.28 |
| JPM JPMorgan Chase & Co. | Add +38.1% | 4.39% | −0.30 |
| EBAY eBay Inc. | Add +4.2% | 2.91% | −1.51 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 28 | $159.0M | SOXX, NVDA, C, GS, MS |
| Q1 2026 | 21 | $83.5M | NVDA, RTX, VLO, XBI, TSM |
| Q4 2025 | 27 | $141.6M | NVDA, C, GS, AVGO, MS |
| Q3 2025 | 27 | $134.6M | AVGO, NVDA, GS, MS, IBKR |
| Q2 2025 | 32 | $116.6M | QQQ, ORCL, CSCO, NVDA, IBM |
| Q1 2025 | 23 | $67.0M | ORLY, CAH, CSCO, PH, TMUS |
| Q4 2024 | 27 | $130.9M | AMZN, GS, AMP, KKR, IBKR |
| Q3 2024 | 32 | $119.2M | KKR, XBI, GS, IBKR, SPY |
| Q2 2024 | 28 | $102.7M | ETN, NVDA, IBKR, PH, AMAT |
| Q1 2024 | 28 | $100.8M | ETN, NVDA, PH, MSFT, IR |